Common use of No Preemptive Rights or Options Clause in Contracts

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest in the Partnership and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations Act, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, or (iv) any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest as described in the Partnership Disclosure Package and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations ActProspectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Series A Preferred Units, (ii) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, or (iv) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (v) to the Teekay Parties’ knowledge, any equity interests in any Operating SubsidiarySubsidiary (except as is contained in Section 78 of the Xxxxxxxx Islands Business Corporations Act).

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest as described in the Partnership Disclosure Package and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations ActProspectus, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Series A Preferred Units, (ii) any Series B Preferred Units, (iii) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iiiiv) to the Teekay Parties’ knowledge, any membership interests in the General Partner, (v) to the Teekay Parties’ knowledge, any partnership interests in the Operating Company, or (ivvi) to the Teekay Parties’ knowledge, any equity interests in any Operating SubsidiarySubsidiary (except as is contained in Section 78 of the Xxxxxxxx Islands Business Corporations Act).

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest in the Partnership, pursuant to Section 5.9 of the Restated Partnership Agreement and as otherwise described in the Disclosure Package and the Prospectus, and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations Act, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ knowledge, any membership interests in the General Partner, or (iv) any equity interests in any Operating Subsidiary.

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest as described in the Partnership and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations ActProspectus or herein, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ ' knowledge, any membership interests in the General Partner, or (iv) any equity interests in any Operating SubsidiarySubsidiary or the Acquisition Subsidiaries.

No Preemptive Rights or Options. Except for the General Partner’s right to maintain its 2% general partner interest in the Partnership and except for the preemptive rights contained in Section 78 of the Xxxxxxxx Islands Business Corporations ActPartnership, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction upon the voting or transfer of, any equity interests of any of the Teekay Entities. Except as described in the Pricing Disclosure Package and the Prospectus, there are no outstanding options or warrants to purchase (i) any Common Units, Incentive Distribution Rights or other interests in the Partnership, (ii) any membership interests in the Operating Company, (iii) to the Teekay Parties’ Partnership’s knowledge, any membership interests in the General Partner, or (iv) any equity interests in any Operating Subsidiary.